Incredible India a Competitive Advantage
Admittedly, since 1993, the Special Representative of the two heads of government since the establishment of the mechanism, the Sino-Indian border ushered in a rare calm. Relaxation of tension in the border, but also for broader economic and trade cooperation between the two countries and opportunities.
However, while bilateral trade is expected to reach 60 billion U.S. dollars this year, but the trade imbalance between China and India to overcome the argument, in the reporter heard this line. According to the Ministry of Commerce data, in 2009 the Sino-Indian trade surplus $ 15,952,000,000, an increase of 42%. This is mainly because Chinese products exported to India, the main raw materials, of which 60% -70% of all iron ore. China as a manufacturing power, the main export products such as machinery, equipment, power generation equipment, its value is relatively high.
As a greater reliance on domestic consumption-driven economy, attract foreign investment in India has been less positive. In accordance with the industrial park in Pune, private enterprises in China Sany Heavy Industry to set up factories in local leaders to say, the investment environment in India is still in its infancy, is not very mature attitude to foreign investment is “love coming or not.” In addition, stricter than China’s labor policies and the difficulty of access to private land, but also tried to enter many foreign hesitation.
Nevertheless, the huge domestic population, the number of rising middle class, making India although there is no similar in attracting foreign investment preferential policies in China, but is still a fairly attractive market, particularly in infrastructure improvements. This also explains from December 2002 to set up factories so far, focused on large-scale construction machinery manufacturing Sany although still at a loss, but the production still continues in India, and confident in next year’s profit.
Export-Import Bank of India Chairman of the Board TCA Ranganathan said that India’s infrastructure has great potential, the current poor state of the infrastructure has been unable to respond to India’s rapid economic growth.
In the traditional textile, chemical, automotive, high value-added service industry, India in biotechnology, new energy, these 21st century industries, has also taken the forefront in developing countries.
India’s fourth largest pharmaceutical company Lupin, its 26 kinds of generic products, the 13 sales in the U.S. market in the first place, and the rest is the third not the second, shows India, the world’s largest generics market in the international competitiveness . In other generic drugs, Lupin also developed its own brand drugs.
The energy-saving environmental protection in Pune technology company Thermax, currently has plants in Jiaxing, Zhejiang, China. It should be noted that the addition of its Chinese factories are Indian CEOs and financial officers, the local workers are employed. The same is located in Pune, the world’s largest wind turbine maker Suzlon addition, one of the factories in Tianjin in 2006, is currently considering the establishment of centers in China to increase investment in the Chinese market. Clearly, the relatively low cost of manufacture and supply, is the new Indian energy companies to establish production bases in China, the most important consideration.
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